North America Small Satellite Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type [Nanosatellite (1 to 10 Kg) and Microsatellite (10 to 150 Kg)], Payload [Automatic Identification System (AIS), Transmitter, Imaging Devices, and Others], Application (Earth Observation, Communication and Navigation, and Scientific Research), and Vertical (Government, Military, and Commercial)

Code: BMIRE00027887 | Pages: 122 | Industry: Aerospace and Defense | Date: Jan 2023 | Type: Regional

The North America small satellite market is expected to grow from US$ 1,325.42 million in 2022 to US$ 4,976.36 million by 2028; it is estimated to grow at a CAGR of 24.7% from 2022 to 2028.

 

Growing Support for Development of Small Satellite

Various government authorities and companies across the North America have invested in the small satellite market owing to the increasing need for small satellites for various applications such as earth observation, communication and navigation, and scientific research. In November 2021, Fleet Space Technologies raised US$ 26 million in funds to expand the nanosatellite IoT connectivity fleet. Such investments from governments drive the growth of the small satellite market. The use of small satellites helps government authorities maintain national security, capture data regarding areas damaged by earthquakes or floods, monitor suspicious ships, and serve other purposes such as communication & navigation, earth observation, and scientific research operations. The governments of various countries are supporting the development of small satellites for earth observation. Under the project, the government announced that they would support the companies for quick construction and domestic production of a small satellite. Thus, the increasing initiatives for the development of small satellites fuel the growth of the small satellite market.

 

Market Overview

 

The North America small satellite market based on country, is segmented into the US, Canada, and Mexico. The demand for small satellites is increasing across North America owing to its rise in applications such as earth and space observation; IoT and communications; asset tracking; science and environment; and security, defense, and national space programs. Also, fleet management companies across North America are increasingly utilizing small satellites for real-time tracking of their huge commercial fleet, thereby reducing the risk of theft and downtime of vehicle by offering quick responses to vehicle failures. Such factors are catalyzing the demand for new small satellites across the space satellite sector. The small satellites are being launched for applications such as communication and isle tracking across the US. Such factors are driving the growth of the North America small satellite market.

 

North America Small Satellite Market Revenue and Forecast to 2028 (US$ Million)

 

North America Small Satellite Market Revenue and Forecast to 2028 (US$ Million)

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North America Small Satellite Market Segmentation

 

The North America small satellite market is segmented based on type, payload, application, vertical, and country.  

 

Based on type, the North America small satellite market is bifurcated into nanosatellite (1 to 10 Kg) and microsatellite (10 to 150 Kg). The microsatellite (10 to 150 Kg) segment held a larger market share in 2022.

 

Based on payload, the North America small satellite market is segmented into automatic identification system (AIS), transmitter, imaging devices, and others. The automatic identification system (AIS) segment held the largest market share in 2022.

 

Based on application, the North America small satellite market is segmented into earth observation, communication and navigation, and scientific research. The earth observation segment held the largest market share in 2022.

 

Based on vertical, the North America small satellite market is segmented into government, military, and commercial. The commercial segment held the largest market share in 2022.

 

Based on country, the North America small satellite market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.

 

GomSpace Group AB; Lockheed Martin Corp; Northrop Grumman Corp; Raytheon Technologies Corp; Sierra Nevada Corp; Swarm Technology Inc; and Thales SA are the leading companies operating in the North America small satellite market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.        Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Small Satellite Market Landscape

4.1         Market Overview

4.2         Porter’s Five Forces Analysis

4.2.1        Bargaining Power of Buyers

4.2.2        Bargaining Power of Suppliers

4.2.3        Threat to New Entrants

4.2.4        Threat to Substitutes

4.2.5        Competitive Rivalry

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Small Satellite Market - Key Market Dynamics

5.1         Market Drivers

5.1.1        Growing Support for Development of Small Satellite

5.1.2        Increasing Number of Partnerships and Contracts

5.2         Key Market Restraints

5.2.1        Lack of Small Satellite Manufacturers Across Emerging Regions

5.3         Key Market Opportunities

5.3.1        Growing IoT and Communication Applications

5.3.2        Rising Production of Smallsats for Beyond LEO Orbit Launches

5.4         Future Trends

5.4.1        Rising Adoption of Small Satellites for Military Applications

5.5         Impact Analysis of Drivers and Restraints

6.           Small Satellite Market – North America Market Analysis

6.1         Small Satellite Market North America Overview

6.2         North America Small Satellite Market Forecast and Analysis

7.           North America Small Satellite Market Analysis – By Type

7.1         Overview

7.2         Small Satellite Market, By Type (2021 and 2028)

7.3         Nanosatellite (Upto 10 Kg)

7.3.1        Overview

7.3.2        Nanosatellite (Upto 10 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Microsatellite (10-150 Kg)

7.4.1        Overview

7.4.2        Microsatellite (10-150 Kg): Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.           North America Small Satellite Market Analysis – By Payload

8.1         Overview

8.2         Small Satellite Market, By Payload (2021 and 2028)

8.3         Automatic Identification System (AIS)

8.3.1        Overview

8.3.2        Automatic Identification System: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Transmitter

8.4.1        Overview

8.4.2        Transmitter: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Imaging Devices

8.5.1        Overview

8.5.2        Imaging Devices: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

8.6         Others

8.6.1        Overview

8.6.2        Others: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9.           North America Small Satellite Market Analysis – By Application

9.1         Overview

9.2         Small Satellite Market Breakdown, by Application, (2021 and 2028)

9.3         Earth Observation

9.3.1        Overview

9.3.2        Earth Observation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9.4         Communication and Navigation

9.4.1        Overview

9.4.2        Communication and Navigation: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

9.5         Scientific Research

9.5.1        Overview

9.5.2        Scientific Research: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10.        North America Small Satellite Market Analysis – By Vertical

10.1      Overview

10.2      Small Satellite Market Breakdown, by Vertical, (2021 and 2028)

10.3      Government

10.3.1     Overview

10.3.2     Government: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10.4      Military

10.4.1     Overview

10.4.2     Military: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

10.5      Commercial

10.5.1     Overview

10.5.2     Commercial: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.        North America Small Satellite Market – by Country Analysis

11.1      North America: Small Satellite Market

11.1.1     North America: Small Satellite Market, by Key Country

11.1.1.1       US: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.1.1       US: Small Satellite Market, By Type

11.1.1.1.2       US: Small Satellite Market, by Application

11.1.1.1.3       US: Small Satellite Market, by Payload

11.1.1.1.4       US: Small Satellite Market, by Vertical

11.1.1.2       Canada: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.2.1       Canada: Small Satellite Market, By Type

11.1.1.2.2       Canada: Small Satellite Market, by Application

11.1.1.2.3       Canada: Small Satellite Market, by Payload

11.1.1.2.4       Canada: Small Satellite Market, by Vertical

11.1.1.3       Mexico: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

11.1.1.3.1       Mexico: Small Satellite Market, By Type

11.1.1.3.2       Mexico: Small Satellite Market, by Application

11.1.1.3.3       Mexico: Small Satellite Market, by Payload

11.1.1.3.4       Mexico: Small Satellite Market, by Vertical

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Product Development

12.4      Merger and Acquisition

13.        Company Profiles

13.1      GomSpace Group AB

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      Lockheed Martin Corp

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Northrop Grumman Corp

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Raytheon Technologies Corp

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      Sierra Nevada Corp

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Swarm Technologies Inc

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

13.7      Thales SA

13.7.1     Key Facts

13.7.2     Business Description

13.7.3     Products and Services

13.7.4     Financial Overview

13.7.5     SWOT Analysis

13.7.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

14.2      Word Index

 

LIST OF TABLES

Table 1.             North America Small Satellite Market, Revenue and Forecast, 2020–2028 (US$ Million)

Table 2.             US: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 3.             US: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             US: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 5.             US: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Canada: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 7.             Canada: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Canada: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Canada: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 10.          Mexico: Small Satellite Market, By Type– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Mexico: Small Satellite Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Mexico: Small Satellite Market, by Payload – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Mexico: Small Satellite Market, by Vertical – Revenue and Forecast to 2028 (US$ Million)

Table 14.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           North America Small Satellite Market Segmentation

Figure 2.           North America Small Satellite Market Segmentation – by Country

Figure 3.           North America Small Satellite Market Overview

Figure 4.           North America Small Satellite Market, By Type

Figure 5.           North America Small Satellite Market, By Application

Figure 6.           North America Small Satellite Market, By Payload

Figure 7.           North America Small Satellite Market, By Vertical

Figure 8.           North America Small Satellite Market, By Country

Figure 9.           North America Porter’s Five Forces Analysis

Figure 10.        North America Small Satellite Market: Ecosystem Analysis

Figure 11.        North America Expert Opinion

Figure 12.        North America Small Satellite Market: Impact Analysis of Drivers and Restraints

Figure 13.        North America Small Satellite Market, Forecast and Analysis (US$ Million)

Figure 14.        North America Small Satellite Market Revenue Share, by Type (2021 and 2028)

Figure 15.        Nanosatellite (Upto 10 Kg): North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Microsatellite (10-150 Kg): North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17.        North America Small Satellite Market Revenue Share, by Payload (2021 and 2028)

Figure 18.        Automatic Identification System: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        Transmitter: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        Imaging Devices: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Others: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        North America Satellite Market Breakdown, by Application (2021 and 2028)

Figure 23.        Earth Observation: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        Communication and Navigation: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Scientific Research: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        North America Small Satellite Market Breakdown, by Vertical (2021 and 2028)

Figure 27.        Government: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Military: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29.        Commercial: North America Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        North America: Small Satellite Market, by Key Country – Revenue (2021) (US$ Million)

Figure 31.        North America: Small Satellite Market Revenue Share, by Key Country (2021 & 2028)

Figure 32.        US: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33.        Canada: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34.        Mexico: Small Satellite Market – Revenue and Forecast to 2028 (US$ Million)

 

  1. GomSpace Group AB
  2. Lockheed Martin Corp
  3. Northrop Grumman Corp
  4.  Raytheon Technologies Corp
  5. Sierra Nevada Corp
  6. Swarm Technology Inc
  7. Thales SA
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